Deep-pocketed investors have adopted a bearish approach towards SanDisk (NASDAQ:SNDK), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SNDK usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 132 extraordinary options activities for SanDisk. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 40% bearish. Among these notable options, 45 are puts, totaling $8,019,249, and 87 are calls, amounting to $6,548,481.
What’s The Price Target?
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $160.0 and $760.0 for SanDisk, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for SanDisk’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SanDisk’s whale trades within a strike price range from $160.0 to $760.0 in the last 30 days.
SanDisk Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SNDK | CALL | SWEEP | BEARISH | 03/20/26 | $69.3 | $68.8 | $68.8 | $500.00 | $302.7K | 1.0K | 952 |
| SNDK | CALL | TRADE | NEUTRAL | 03/20/26 | $65.7 | $63.8 | $64.8 | $500.00 | $285.1K | 1.0K | 1.0K |
| SNDK | CALL | TRADE | BULLISH | 02/20/26 | $44.7 | $44.0 | $44.7 | $500.00 | $277.1K | 1.1K | 415 |
| SNDK | CALL | TRADE | NEUTRAL | 01/15/27 | $280.6 | $273.3 | $277.3 | $250.00 | $221.8K | 98 | 9 |
| SNDK | CALL | TRADE | NEUTRAL | 12/18/26 | $126.6 | $119.8 | $123.02 | $650.00 | $221.4K | 17 | 18 |
About SanDisk
Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk is vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with Kioxia. Sandisk then repackages most of its chips into SSDs for consumer electronics, external storage, or cloud storage. Sandisk was formerly a piece of Western Digital for nine years (after being acquired in 2016) and was spun off as an independent company in 2025.
After a thorough review of the options trading surrounding SanDisk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of SanDisk
- Currently trading with a volume of 8,666,693, the SNDK’s price is up by 0.98%, now at $478.49.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 3 days.
Expert Opinions on SanDisk
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $466.0.
- Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on SanDisk with a target price of $580.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $400.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for SanDisk, targeting a price of $490.
- Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for SanDisk, targeting a price of $450.
- Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for SanDisk, targeting a price of $410.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics.
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